Citigroup Maintains Neutral on NetApp, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jim Suva has maintained a Neutral rating on NetApp (NASDAQ:NTAP) and increased the company's price target from $83 to $90.
November 30, 2023 | 4:22 pm
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Citigroup analyst Jim Suva maintains a Neutral rating on NetApp but raises the price target from $83 to $90.
The increase in price target by Citigroup suggests a positive outlook on NetApp's valuation, which could lead to a short-term increase in the stock price as investors adjust to the new target. However, the Neutral rating indicates that the analyst does not see significant upside or downside from the current level, tempering the potential impact.
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IMPORTANCE 75
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